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Description

• Status: Available
• Type: Commercial

• Ownership: Freehold
• Occupation: Tenanted

• Rateable Value: Search

PRIME RETAILING THOROUGHFARE REAR LOADING GROUND & 1ST FLOOR V.A.T. FREE INVESTMENT 2,016sq ft PASSING RENT £12,000P.A. until 2029. WELL ESTABLISHED TENANT

The area extends to 995sq ft at ground floor and 1,021sq ft at first floor with the benefit of rear access.

WELL ESTABLISHED TENANT OPPORTUNITY TO EXTEND LEASE

V.A.T. FREE INVESTMENT

The area extends to 995sq ft at ground floor and 1,021sq ft at first floor with the benefit of rear access.

The 2 storey property is held on lease to a C.A.S.E (Registered Charity) running on a lease extension until 2029 at a passing rent of £12,000per annum . The area extends to 995sq ft at ground floor and 1,021sq ft at first floor with the benefit of rear access.

Kilmarnock is the main retail centre for East Ayrshire with a resident population of c. 44,000persons with a wider catchment in excess of 150,000persons. Kilmarnock is approx 22 miles from Glasgow and is well serviced by transport links via the M77, rail connections and Glasgow and Prestwick airports within 30mins. Neighbouring occupiers include Italo, Kilmarnock Sheriff Court.

Full Address: 120 King Street, Kilmarnock, KA1 1NP

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2029
Rent: £12,000 per year / £1,000 per month
Yield: 17% (approx)
Tenant: Company
Notes: WELL ESTABLISHED TENANT

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Pricing Information & Bidding

Opening Bid: £72,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

• 10% Deposit
• Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
• 4 Weeks Completion or Longer By Agreement
• Contribution to Sellers Costs £2,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Auction Details

Date & Time: 19 December 2024, 10am-3pm
Type: Timed Online Auction

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